realestate

Historic San Francisco Estate Seeks $22 Million Buyer

Luxury buyers quickly snap up rare San Francisco homes, even in subdued markets.

I
n a subdued fall market, luxury buyers in San Francisco still act quickly when they spot a unique property. A prime example is the city's oldest home, which has gone under contract just two weeks after listing for $22 million at the end of last month. The 1849-built "Robertson Estate" on Russian Hill had been off the market since 1986, when financier Sanford Robertson purchased it for nearly $1.8 million.

    The historic estate, situated atop a third-acre lot with a lap pool and internal elevator, was listed by Joseph Lucier and Stacey Caen of Sotheby's. While they couldn't disclose details due to an NDA, Caen attributed the swift sale to their ability to market the property as luxury goods. The listing pictures show updated features such as paint, flooring, and fixtures.

    The home's panoramic views from Coit Tower to the Golden Gate Bridge likely contributed to its appeal, along with its secluded hilltop setting surrounded by tall hedges. A major remodel during Robertson's 38-year ownership added a library/office and a pentroom with an expansive view deck. The property also features two elevators, including one connecting the garage to the main levels.

    The primary suite occupies half of the upper bedroom level, boasting two walk-in closets, a large bathroom, and another office with its own terrace. Two other bedrooms on this level are en-suite, each with either a terrace or sunroom. As San Francisco's oldest surviving residence, the "Robertson Estate" is one of only four remaining legacy estates atop Russian Hill.

Grand San Francisco mansion seeks $22 million buyer in luxury real estate market.